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Listed by Yelm Windermere
$ 1,200,000
Est. payment | /mo
0.65 Acres Lot
$ 1,200,000
Est. payment | /mo
0.65 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Lacey
MLS Listing ID 2417274
Style 60 - Comm Bldg Und 10K
Year Built 1978
Annual Tax Amount $9,194
Lot Size 0.650 Acres
Lot Dimensions 109x233x105x265
Property Sub-Type Commercial Industrial
Property Description
For sale: A unique mixed-use property at 6906 Martin Way E in Olympia, priced at $1,200,000. This asset offers an immediate income and significant development potential.Preliminary approval is in place for building four duplexes (eight total units) on the back of the property. This development could generate over $180K in annual income.While planning the development, the property provides immediate cash flow:Two residential units (1 bed/1 bath and 3 bed/1 bath)An existing U-Haul partnership generating $800-$900/monthSelf-storage potential for an estimated $3,000/monthA commercial storefront for a new business or leaseThis is an ideal opportunity for an investor, developer, or owner-user to capitalize on Olympia's rapid growth.
Location
State WA
County Thurston
Area 451 - Hawks Prairie
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Roof Type Composition
Building
Sewer Septic Tank
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634